India, April 28 -- Drawing from a first of its kind study specifically for the Indian market, Apple has published data from the Indian Institute of Management Ahmedabad which indicates that Apple's App Store ecosystem in India facilitated Rs.44,447 crores ($5.31 billion) in developer billings and sales in 2024. More importantly, the data indicates that more than 94% of that commerce accrued solely to developers and businesses, without any commission paid to Apple. The company also suggests that global earnings of India-based developers have tripled.

"The App Store has been an economic miracle for developers in India and all around the world, and we're thrilled to support their work," says Tim Cook, Apple's CEO. "This study underlines the...